Producing

GC Mine

NEWONE2325555

Introduction

  • 99%-owned Gaocheng (GC) operations consist of a ~310 ktpa underground mine and a sulphide flotation plant
  • Located approximately 200 km west of Guangzhou, the capital city of Guangdong Province, China
  • Acquired from a private Chinese company in April 2008
  • Construction began shortly after mining permit receipt in late 2010. The permit covers a 5.5 km2 area and is valid until November 24, 2040
  • Achieved commercial production in 2014 and has since contributed over 6 Moz of silver and 235 Mlb of lead and zinc
  • Produces silver-lead, zinc and minor tin concentrates sold to smelters in China
  • Current reserves support mining through 2034
  • Mine life extension through resources to reserves conversion drilling and further generative exploration/development

GC Operation Snapshot

Mine Life 1

13 Years

Silver Production

FY2022A: 640 koz
FY2023A: 593 koz
FY2024A: 527 koz

FY2025E: 540-550 koz

AISC 2

FY2022A: US$79.56/t
FY2023A: US$83.33/t
FY2024A: US$85.17/t

FY2025E: US$99.3-$99.7/t

1 Gaocheng Technical Report effective March 31, 2021.

2 AISC refers to all-in sustaining costs per tonne of ore processed.

Mining